Crude oil cars sitting on tracks in British Colombia

Too much oil?

  • With energy efficiency on the rise, future oil prices will probably be defined by supply
  • Output among traditional oil producers is generally guided by OPEC
  • Shale oil technology has disrupted the oil cartel’s output and pricing powers
  • OPEC’s best chance to prop up oil prices is a deal that includes Russia and the U.S.

At the end of last year, reputable experts were predicting that oil prices would be on the rise during 2017, and that by the end of the year they would reach the $60 mark. As time went by, however, those predictions were revised repeatedly – and each time the revisions pointed south. By the end of July, crude was selling for about $46 a barrel, almost 20 percent lower than at the beginning of the year and about half the level three years ago. Will oil prices keep dropping on persistent high supply and sluggish demand? Or will they recover, as producers find a way to limit production?

Unlock the report
8.95 EUR
 
Secure, instant payment by credit card or bank transfer
Professor Enrico Colombatto
Lower prices have affected investments in the traditional extractive industry, but they have hardly stopped the shale oil business
read more about it in the report
What's inside
  • With energy efficiency on the rise, future oil prices will probably be defined by supply
  • Output among traditional oil producers is generally guided by OPEC
  • Shale oil technology has disrupted the oil cartel’s output and pricing powers
  • OPEC’s best chance to prop up oil prices is a deal that includes Russia and the U.S.
Who will benefit?
  • Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
  • Also considered useful for the administrative university facilities, to better understand the possibe effects of current decisions.
By clicking "I Agree" below, you acknowledge that you accept our Privacy Policy and Terms and conditions. Feel free to check out our policies anytime for more information.
I agree